Job openings are plentiful when the
A) actual real GDP is above the natural real GDP.
B) natural real GDP is above the actual real GDP.
C) natural real GDP is increasing rapidly.
D) None of the above.
A
Economics
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In the aggregate expenditure (AE) model, when real GDP exceeds aggregate planned expenditure, actual inventories ________ planned inventories and real GDP ________
A) are less than; decreases B) exceed; increases C) exceed; does not change D) are less than; increases E) exceed; decreases
Economics
If 6 workers can wash 42 cars a day and 7 workers can wash 50 cars a day, then the marginal product of the 7th worker equals
A) 7.1 cars a day. B) 7 cars a day. C) 42 cars a day. D) 50 cars a day. E) 8 cars a day.
Economics